Retail Focus

FEBRUARY 4, 2025

This reduces overstocking and the need for massive markdowns. AI robotics and warehouse automation can significantly improve order fulfilment speed and accuracy. Checkout-free stores powered by computer vision AI eliminate checkout lines and scan purchases automatically.

Inventory Management 163

Inventory Management Markdowns Checkout Customer Experience 163

Retail TouchPoints

DECEMBER 6, 2024

in the quarter compared to 29% in Q3 2023, a decrease that was attributed to increases in markdowns and inventory damages. The net sales increase was driven by positive sales contributions from new stores and growth in same-store sales, with same-store sales increasing 1.3% over the same quarter in 2023.

Planning 285

Planning Customer Experience Markdowns Kiosk 285

Retail TouchPoints

FEBRUARY 12, 2021

According to the researchers at the Auburn University RFID Lab, a typical brick-and-mortar retailer without RFID has about 60% SKU-level accuracy, which is simply not acceptable anymore to keep up with consumer demands for speedy fulfillment and a wide product selection. consumer reliance on ecommerce, in-store pickup, and self-checkout.?.

Fulfillment 286

Fulfillment Markdowns Inventory Management Customer Experience 286

Inside Retail

AUGUST 17, 2021

As their Ocado automated fulfilment centres come on line, we can expect greater growth and penetration of online.”. “IBISWorld indicated 13.7 per cent growth in online groceries between 2021 and 2026. This enabled greater customer choice, learning and increases in team member productivity during the year,” Cain said.

Net Profit 246

Net Profit Supermarket Markdowns Checkout 246

Retail TouchPoints

JUNE 26, 2023

It’s hard to believe that the invention of the UPC — first used by railroads almost 100 years ago and then introduced to speed grocery checkout lines back in 1974 — hasn’t changed. Walmart mandated that its suppliers put it on products by 2022, which has made a big impact on RFID adoption. Doesn’t that sound amazing?!

Merchant Services 279

Merchant Services Inventory Management Grocer Customer Experience 279

365 Retail

JUNE 5, 2024

Streamlining Checkout and Payments Long checkout lines are a great way to frustrate customers and lose sales. Contactless payments and mobile checkout solutions eliminate this pain point. Retailers are embracing mobile POS systems that turn tablets or smartphones into portable checkout counters.

Payment Services 52

Payment Services Inventory Management Checkout Inventory Turnover 52

Retalon

JUNE 11, 2021

And retailers are rushing to offer new fulfillment options, like “buy online, pick up in-store” (BOPIS), curbside pickups, cashless checkouts, drop-shipping, mobile shopping and more. Increased Carbon Footprint: The shift to “next-day” e-commerce has increased the logistics associated with fulfilling an order and accepting returns.

Fulfillment 41

Fulfillment Drop-Shipping Markdowns Returns 41